Bitcoin 
$106,853.82 price October saw a lot of volatility but managed to remain relatively calm this weekend. Expectations that tensions with China have begun to fall from their peak again have reined in the sales in cryptocurrencies. So what is the current situation in cryptocurrencies today? What are the expectations for altcoins and BTC?
Bitcoin (BTC)
After massive liquidations worth billions of dollars, Bitcoin is stalling around $107,000. In our evaluation on Friday, we mentioned that we could see largely horizontal and upward movements over the weekend. The reason for this was the constructive statements and negotiation announcements about China coming from the US side. It was exactly as expected, while altcoins recovered somewhat, BTC mostly moved sideways.
Reduced weekly losses to 4% of BTC Stabilization above $105,000 disappointed the bears who were waiting for a new test of the $98,000 support level. If risk appetite increases, levels of 113,750 and 117,570 dollars can be targeted with closings above $ 110,700.
Gaining $117,000 will pave the way for rapid returns in oversold altcoins after a long-term decline. The sudden drop and the subsequent test of $115,000 on October 12 trapped investors. But for now, it is hopeful that the area protected as support in June remains intact. It is possible that expectations for the new week, especially towards the CME opening, will help the recovery a little further in the coming hours.
Cryptocurrencies Latest Status
Altcoins that we have been used to seeing red for days are turning green again. DOGE, XRPSOL, ETH, LINK continue on their way with daily gains over 1%. The biggest gainer in the last 24 hours (among the top 100 cryptocurrencies) is MYX and PUMP happened. They increased by 16.7% and 8.5% respectively.
On a weekly basis, leaders TAO, ENA, MORPHO While the trio was formed, they saw an increase between 14% and 34%. The total market cap of cryptocurrencies is just shy of $3.65 trillion and the average RSI is recovering to 43.1. While the fear and greed index still indicates fear at 27, the possible China agreement may activate charts that are suitable for much larger peaks.
